The Lede
Top National News
The Doctor is In: Senate Confirms Carson for HUD
National Mortgage Professional, Mar. 2, 2017--Phil HallMBA President and CEO David Stevens, CMB, said Carson would work to bolster real estate markets.
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Mortgage Rates Fall Amid Fears of Rising Inflation
Washington Post, Mar. 2, 2017--Dion HaynesIn recent weeks, the mortgage rate has not followed typical patterns.
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MSI Acquires Williams & Williams to Grow Suite of Services
HousingWire, Mar. 2, 2017--Kelsey RamirezMortgage Specialists International announced it acquired a majority interest in Oklahoma-based Williams, Williams & McKissick, including its subsidiaries Williams & Williams Auctioneers and online real estate auction destination Auction Network.
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Fed’s Powell Says Case for a March Rate Hike ‘Has Come Together’
Reuters, Mar. 2, 2017--Jason LangeThe case at the Federal Reserve for an interest rate increase in March has gained support and will be on the table when policymakers meet later this month, Federal Reserve Governor Jerome Powell said on Thursday.
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CMBS Delinquency Rate on the Rise
National Mortgage Professional, Mar. 2, 2017--Phil HallThe delinquency rate for U.S. commercial real estate loans in commercial mortgage-backed securities reached 5.31 percent in February, up 13 basis points from January, Trepp reported.
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U.S. Jobless Claims Lowest Since March 1973
Wall Street Journal, Mar. 2, 2017--Jeffrey Sparshott (subscription)The number of Americans applying for unemployment benefits fell to the lowest level in 44 years last week, more evidence of a healthy labor market.
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Refinances Push Up Quarterly Mortgage Originations
Mortgage Daily, Mar. 2, 2017Residential loan originations during the final-three months of last year amounted to 1.7 million loans for $461 billion, said ATTOM Data Solutions.
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Mortgage Rates Tumble But Could Surge
Mortgage Daily, Mar. 2, 2017--Sam GarciaDuring January, conforming fixed rates on purchase-money loans averaged 4.37 percent, the Federal Housing Finance Agency reported.
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CFPB Director Richard Cordray Speaks Out About His Controversial Role
HousingWire, Mar. 2, 2017--Brena Swanson"The independence of a consumer watchdog is very much worth fighting for," Cordray told CNBC.
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Offices Drive CMBS Delinquency to 18-Month High
Mortgage Daily, Mar. 2, 2017Deterioration in office loan performance droved delinquency on securitized commercial real estate loans to an 18-month high.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education Real-Time Demand: Considerations on Mortgage Automation Webinar Mar. 8
MBA Education presents a new webinar, Real-Time Demand: Considerations on Mortgage Automation, on Wednesday, Mar. 8 from 2:00-3:30 p.m. ET.
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MBA Education Special Purpose National Bank Charters for Fintech Companies Webinar Mar. 9
MBA Education hosts a webinar, Special Purpose National Bank Charters for Fintech Companies, on Thursday, Mar. 9 from 2:00-3:30 p.m. ET.
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